It not that easy, like my dog Larry said, he puts bs fees in there and countless other crap to make him rich, honestly the only fighter I dont think he completely screwed was Trinidad and Chavez
He sometimes adds clauses to the contract that takes away a fighters' money, he makes fighters take on his son as their manager, I think Carl King gets 25% of the purse, which goes to Don King. There are more, but those are the things that I thought of off the top of my head.
I dont believe Don actually "steals" from fighters. It's more about the fighter not knowing the true amount of revenue available in a fight, and agreeing to smaller purses based on misinformation. For example, lets say HBO is offering say $2 million for a fight, and the opponent wants $300,000. Don is likely to tell the fighter that HBO is offering $1.5 million, and the opponent wants $500,000. Then Don keeps the change.
The key to all the other stuff though is look at whats in the contract. Dont sign a contract where the promoter has any say about management. Dont sign a contract where the promoter has any say about the trainer. Dont sign a contract with excessive percentages that go back to the promoter for purse bids.
Like I said, someone can only steal from you if you let them. And Don doesnt have an exclusive on behavior like that. They all do it.
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